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Nighthawk Energy Plc To Purchase Additional 25% Working Interest In Smoky Hill And Jolly Ranch Projects


Thursday, 4 Jul 2013 02:00am EDT 

Nighthawk Energy Plc announced that it has exercised its option to purchase the remaining 25% working interest in its Smoky Hill and Jolly Ranch projects in Colorado from Running Foxes Petroleum, Inc. (RFP). Following completion of the acquisition Nighthawk will own and operate 100% of both the Smoky Hill and Jolly Ranch projects. As part of the Settlement Agreement concluded with RFP in October 2012, Nighthawk was granted an option to purchase RFP's remaining 25% working interest in the Smoky Hill and Jolly Ranch projects in the Denver-Julesberg Basin, Colorado. The purchase price for RFP's 25% working interest is USD12 million, payable in cash. 

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